Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Update

Key Points

• Keen Vision Acquisition Corporation (NASDAQ:KVAC) experienced a significant decline in short interest, dropping 80.8% in July, with only 500 shares sold short as of July 31st.
• Institutional investors currently own 51.72% of Keen Vision Acquisition's stock, with notable increases from firms such as Berkley W R Corp and Westchester Capital Management.
• The stock price of KVAC opened at $11.48, showing a one-year range between $10.66 and $11.54.

Keen Vision Acquisition Corporation (NASDAQ:KVAC - ) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 500 shares, adeclineof80.8% from the July 15th total of 2,600 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Keen Vision Acquisition

A number of hedge funds have recently modified their holdings of KVAC. Berkley W R Corp boosted its position in shares of Keen Vision Acquisition by 52.7% during the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock valued at $11,895,000 after acquiring an additional 361,071 shares during the last quarter. Westchester Capital Management LLC purchased a new position in Keen Vision Acquisition in the first quarter valued at about $787,000. Tabor Asset Management LP purchased a new stake in shares of Keen Vision Acquisition during the first quarter worth about $2,614,000. Toronto Dominion Bank acquired a new stake in shares of Keen Vision Acquisition during the fourth quarter worth about $304,000. Finally, Spartan Fund Management Inc. acquired a new stake in shares of Keen Vision Acquisition during the fourth quarter worth about $779,000. Institutional investors own 51.72% of the company's stock.

Keen Vision Acquisition Price Performance

KVAC stock opened at $11.48 on Friday. Keen Vision Acquisition has a one year low of $10.66 and a one year high of $11.54. The company's 50 day moving average price is $11.42 and its two-hundred day moving average price is $11.29.

About Keen Vision Acquisition

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.

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